A team of economists has urged China to adopt a new development model based on “wellbeing” rather than gross domestic product (GDP) growth to meet its 2060 net-zero emissions expectations.
The team, which includes two former chief economists of the World Bank, published a detailed report with recommendations already submitted to the Chinese government.
- The old development model is putting the world at “grave risk,” the report said.
- The report also urges China to elevate public transport and set deadlines to eliminate fossil-fuel vehicles.
- The economists' report also recommended promoting low-carbon agriculture, including plant-based meat and dairy.
- China pledged in 2013 to quit a “growth at all costs” model and said GDP would no longer be the only factor.
